HSBC (LON:HSBA) Earns Equal weight Rating from Morgan Stanley
Morgan Stanley reiterated their equal weight rating on shares of HSBC (LON:HSBA) in a research note released on Friday, ThisIsMoney.Co.Uk reports.
A number of other analysts have also recently commented on the company. Shore Capital reaffirmed a buy rating on shares of Hollywood Bowl Group in a research note on Friday, May 3rd. Barclays reiterated a sell rating and issued a $5.00 price objective on shares of Deutsche Bank in a research report on Wednesday, July 17th. JPMorgan Chase & Co. set a €50.00 ($58.14) price objective on Brenntag and gave the company a buy rating in a research report on Tuesday, July 16th. Bank of America upgraded Royal Bank of Scotland Group from an underperform rating to a neutral rating in a research report on Thursday, April 18th. Finally, Goldman Sachs Group assumed coverage on Taylor Wimpey in a research report on Wednesday, June 12th. They issued a buy rating for the company. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 659.27 ($8.61).
Shares of HSBA stock opened at GBX 666.40 ($8.71) on Friday. The company has a market cap of $135.16 billion and a PE ratio of 9.66. The company has a 50-day moving average of GBX 659.64. HSBC has a one year low of GBX 596.40 ($7.79) and a one year high of GBX 736 ($9.62).
HSBC Company Profile
HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.
Further Reading: Cost of Goods Sold (COGS)
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